US businesses’ costs swell at record pace as inflationary pressures build across the pond January 13, 2022 US businesses’ costs are swelling at a record pace, adding fuel to the inflationary fire burning across the pond, reveal official figures released today. Prices for materials used by American firms are 9.7 per cent higher than were a year ago, the highest calendar year increase since the US Bureau of Labor Statistics started tracking [...]
Kim Kardashian and Floyd Mayweather sued over crypto promos January 13, 2022 Kim Kardashian and Floyd Mayweather are being sued by investors for promoting dubious crypto currency EthereumMax.
Card Factory warns of lower profits this year as inflation bites January 13, 2022 Card Factory has warned shareholders of lower profits this year due to rising inflation in the UK, which sent its share price into the red. The “significant inflationary headwinds” facing the card maker has already seen it hike prices while it focuses on making the business more efficient. However, the London-listed company cautioned that, despite [...]
Green is the colour as markets recover overnight, with Bitcoin closing in on $44k January 13, 2022 The Bitcoin price continues to recover this morning, with the largest cryptocurrency by market cap rising to more than $44k overnight.
It’s not just growth, it’s M&S growth: Supermarket reports ‘encouraging’ festive results January 13, 2022 Luxury supermarket M&S sustained a strong performance through the Christmas period, making it the fastest growing major store-based food retailer in the festive run up.
Asos announces move to London’s main market January 13, 2022 Asos announces move to the main market of the London Stock Exchange after 20 years on the junior Aim market
Asos flies in clothes to manage supply chain delays and forced to sell products at a discount January 13, 2022 Online fashion giant Asos said this morning it had to fly in clothes to manage supply chain delays and sold more products at a discount as competition heated up over the autumn months. The company also revealed it suffered from the various lockdowns imposed in Europe as Omicron spread, but sales held up in the [...]
Hays ups profit predictions to £200m as recruiter says ‘client and candidate confidence remain high’ January 13, 2022 Recruitment firm Hays reports its strongest quarter, with fees up 37 per cent, and growth across all regions thanks to returning business confidence.
Expected 50 per cent hike in energy bills may trigger ‘devastating’ national emergency for millions of older Brits January 13, 2022 An anticipated price jump of about 50 per cent for energy bills across the country, likely from April onwards, can lead to a national emergency for millions of older people, a charity warned this morning. Age UK has urged ministers to take immediate and decisive action on energy bills to “mitigate the potentially devastating impact [...]
London home to £41bn empty properties despite soaring buyer demand January 13, 2022 Some £41bn worth of empty homes are sitting vacant across the London market despite increased buyer demand. An estimated £200bn worth of homes are vacant across Britain, a 2.1 per cent increase on the previous alone. Estate agents Barrows and Forrester analysed government data to reveal that London is home to 80,295 empty properties with [...]